Chapter 21 Data Apps

Parting Thoughts

Explore the data of Chapter 21 without any code. Every chart below is live: hover over it to read the values, and use its buttons, menus and sliders to change what it shows.

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Lesson 2: Transition dynamics explain differences in growth rates

Fig. 1: Income relative to the United States across economies

Pick a group of economies from the menu, and click a name in the legend to hide it; a value of 1 is U.S. income.

Sources. Data: Groningen Growth and Development Centre, Maddison Project Database 2023 (doi:10.34894/INZBF2; Bolt and van Zanden 2024), GDP per person (gdppc), converted to 2022 dollars. Prepared file: data/ch21/maddison_world.csv, a copy of data/ch03/maddison_world.csv (see the data notes). Chart: inspired by the discussion in Chapter 21 of Jones (2024), Macroeconomics, 6th ed.

Lesson 4: In the short run, there is a trade-off between inflation and output

Fig. 2: The U.S. Phillips curve

Hover over a point to see its year; the points far off the line are price shocks, such as the oil shocks of the 1970s.

Sources. Data: via FRED, U.S. Bureau of Economic Analysis, Real gross domestic product (GDPC1); Congressional Budget Office, Real potential gross domestic product (GDPPOT); U.S. Bureau of Labor Statistics, Consumer price index for all urban consumers (CPIAUCSL). Prepared file: data/ch21/fig13-17.csv, a copy of data/ch13/fig13-17.csv (see the data notes). Chart: inspired by the discussion in Chapter 21 of Jones (2024), Macroeconomics, 6th ed.